Since our original State of the Nation report, Australians have been navigating continued cost pressure, an interest rate rise, Federal Budget fallout and broader global instability.
The May update shows how quickly sentiment is shifting: 80% are now concerned about the cost of living, 79% are actively minimising everyday spend, and more Australians are feeling overwhelmed, anxious and pessimistic than in February.

Cost pressure is reshaping behaviour
Concern is running high and spending is tightening. But this isn't just a short-term squeeze. Australians are making longer-term decisions around stability and security that will shape how they engage with brands well beyond the current cycle.
Access the original State of the Nation 2026 report, plus the May update on what has shifted and what it means for brands.